Olsen Palmer is pleased to announce that The Poplar Grove State Bank has entered into a definitive agreement to be acquired by High Point Financial Services, Inc., holding company for Forreston State Bank, in an all-cash transaction.

Olsen Palmer LLC served as exclusive financial advisor to The Poplar Grove State Bank.

The transaction, which has been approved by the Board of Directors of both companies but remains subject to customary regulatory and shareholder approvals, is expected to close in the fourth quarter of 2019.

With this transaction, Olsen Palmer is ranked as a Top 3 bank M&A advisor across the entire U.S. according to S&P Global, as ranked based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.